All Deals
June 18, 2025 - Deals
Alta Raises $11 Million Seed Funding From Menlo Ventures And Other Investors For AI Stylist
Alta, the fashion tech startup founded by 28-year-old Jenny Wang, has raised $11 million in seed funding led by Menlo Ventures to launch its AI-powered personal stylist, inspired by the film Clueless. Wang, a Harvard-trained engineer and former DoorDash intern, created Alta to help users choose outfits based on their wardrobe, lifestyle, and events using personalized avatars. Backers include the Arnault family's Algaé Ventures, Phenomenal Ventures, and angel investors like DoorDash CEO Tony Xu and supermodels Jasmine Tookes and Karlie Kloss. The funding will support team growth and R&D as Alta scales globally through partnerships like the one with the CFDA.
INVESTORS: Menlo Ventures, Benchstrength, Algaé Ventures, Phenomenal Ventures, Anthology Fund, Tony Xu, Jasmine Tookes, Karlie Kloss, Jenny Fleiss, Manish Chandra, Zita d’Hautville & Meredith Koop
ROUND: Seed
AMOUNT: $11,000,000
HQ: #SanFrancisco #California
#VentureCapital #Alta #JennyWang #MenloVentures #Benchstrength #AlgaeVentures #PhenomenalVentures #AnthologyFund #TonyXu #JasmineTookes #KarlieKloss #JennyFleiss #ManishChandra #ZitaDHautville #MeredithKoop #TradedVC
More Deals
View All
Oracle Secures $6.9 Billion Defense Contract With The Department Of WarOracle secured a major new U.S. defense contract, with the Department of War awarding the company an Enterprise Software Agreement valued at approximately $6.9 billion over as many as 10 years. The deal consolidates on-premises Oracle software licenses across the Pentagon, Coast Guard, and Intelligence Community into a single purchasing vehicle, replacing fragmented agency-by-agency procurement and aiming to reduce administrative overhead and licensing costs. The agreement further strengthens Oracle’s growing defense business, following several recent military cloud and AI-related contract wins, and reflects the Pentagon’s broader strategy of using enterprise-wide agreements to achieve greater efficiency and purchasing power.
FOUNDER: Larry Ellison
VALUATION: $6,900,000,000
HQ: Austin, Texas
#VentureCapital #Oracle #LarryEllison #TradedVC
Stripe In Talks To Acquire AI Startup OpenRouter For $10 BillionStripe is reportedly in advanced talks to acquire AI startup OpenRouter in a deal that could value the company at around $10 billion. The potential purchase would mark a significant increase from OpenRouter’s $1.3 billion valuation established during its $113 million Series B funding round in May, which was led by CapitalG, Alphabet’s growth investment arm. Founded in 2023 by Alex Atallah, who also co-founded OpenSea, OpenRouter operates a marketplace that gives developers access to more than 300 AI models through a unified API and has become a key player in the AI infrastructure ecosystem. The acquisition would deepen the relationship between the two companies, which already collaborate through Stripe’s payments and developer tools, while signaling Stripe’s ambitions to expand beyond payments into AI infrastructure.
VALUATION: $10,000,000,000
HQ: South San Francisco, California
#VentureCapital #Stripe #OpenRouter #TradedVC